Florence Morning News Newspaper Archives Oct 29 1970, Page 41

Low-resolution version. To view a high quality image

Start Free Trial
Florence Morning News (Newspaper) - October 29, 1970, Florence, South CarolinaFlatt not thursday Octor to new York Stock Exchange quotations Situ act ind 2.40 1 43v, 42v, Toh Vad Mills .20 24 1 Xvi 13 _ v. Address 1.40 64 it vat admit 10 tvs t in 349 40 39 air red ,60e 46 17 Akona la 16 29v, 2914 j.4 alcanalul.20 551 20 20 i 23 8ft Lviv alleglud2.40 15 27% 27vi a alleo.pwl.32 80 19vi 19v, h Allied cd 1.20 134 18v. 18 18v, _ Allied sir 1.40 25 22v, 21v, 22v, Al All Schalm 34 144, 1454 i. Alcoa 1.80 101 52v, Ambar .50 68 9v, 95% _ a am Hess -22r 424 46v, 45v, 4 it amairlin.80 446 19v, 19v, h abrands2.10 89 40v, 40v, i amid is 1.20 65 u am can 2.20 126 38ft 39v. A Acry Sug 1.40 13 22v, 22v, a Cyan 1.25 138 30v. 29v, .ameipwl.64 292 24v. 24vi a Home 1.60 198 63v, am Hosp .24 466 32s, 3h a 32v2 i amet Cox 1.40 143 31ft 32 am motors 123 4 a ,anatgas2.10 105 42ft am Piloto .12 82 9v, a smelt 1.90 168 26ve 24ft. Am std 1 272 34 33vj 33v2 i at4t we 333 7v. 7% am 2.60 .831 42vj 42v, a am inc .90 209 25v. 26 a amp inc .58 54 52v 51v, 114 Ampex Corn 393 15v. 16v, a Anaconda 1.90 359 20v, 19v, i Anch Hock 1 60 25% a Ancora nov 1 7 16ft 16v, Arch Dan 1 31 33ft i Armcost 1.40 101 21v, 21 Armour 1.60 11 45v. 4sv, 45v, Armick .80 119 29v, 28v2 29v2 Vasold Oil 1.20 298 26v. 25 34v4 ass do 1.20 103 34v, 33v, 33v. V. Atlrichfld2 279 s6ft s4ft Hatlas chem 41 21 i 21v. A a Las corp 34 a avcocp.606 79 107a Avnet in -20p 51 7v. 7va 7va Avo Ned 1.10 305 78 1v4 Babcolk w .50 273 19 18 18v be 1.82 193 26v, beat ads 1 69 32 31 a 32 of a Beckman .50 21 25 24 25 v. Beechair.75 19 Haj. Bell How .60 101 33va 32v. 33va v. Bendixl.60 44 23va 23va a benetlcpl.60 44va be Bengue 107 6 5v, 5. Beth St 1.80 492 21va 20vj 20v, a Block or .36 58 43ft 63 43ft of a Boeing co .40 297 15 14 4 14ft a 196 49 47v. Borden 1.20 161 22 22va a borgwarl.25 -40 24 a Brist my 1.20 95 s8v. 57vi Brit pet .43e 156 10v, 10va love a Brunsk .10 87 Isle a Budd co .459 26 be Bulova w .60 32 19vi v. Sunk Ramo 88 9vz 9v, Burl ind 1.40 93 39v, 39v, 39v 2. Burlnorl.77e 149 30v, 30 30v, a burrghs.60 289 114v, 110v, 113v, cadence ind 62 9vs Cal Firnani 29 7v, 7vi. Campru.45a 186 32v4 31v. Viz Camps 1.10 44 29 28v. 29 Al Ca Oplt 1.46 101 22v, 22v, i carriercp.60 103 31v, 31v. Carters -40a 81 13va 13va 13 Vij 19 21vi v. Cater to 1.20 128 34v. I celanesecp2 22 55v, Siva 55v.-t a Cento ins .30 92 3434 cent so 1.90 39 42 42 cerrol.60b 112 17va 17v, a Cert teed .80 29 20vj 20 of v. Cessnaair.60 36 13 4 13v Dies Ohio 4 18 47 47v. Chi Milsopp to 11v. Eva. Chipneut2 3 31v, 31v. Chris Cut .30p 77 6v 6 e i Chrysler .60 340 25 24 24ft 491 38 38clliessvc2.20 148 46 45v, 45v, be Clarke 1.40 32 32v7 32 v. Cleveiiii2.16 19 32v, 32va a coca col 1.44 75 cold pal 1.30 38 42v, 41va 1 Collins .20p 58 15v, 15 i Coll nest 1.60 104 36 35v, lbs 1.40b. 272 28v, 28 136 .31 ,31 5a com solv .40 50 19vj" 18vl 19va combed 2.20 161 33 i Comsat .50 248 48va 47 48ve it con Edis 1.80 450 2334 23 nonfood 1.20 53 connatg1.88 43 27v3 27 27 cons powr 2 63 a contain ,25p 63 love 10 10vj i con can 1.60 51 37vi v. Cont up 2 82 32 32 cont Oill .50 204 28 be con Tel .80 449 23vj 23 control data 676 43 co Perl nl.40 160 33 31 31 Corgi 2.50a 36 172 1m 171v. V Cowles com 296 sva coxbdcst.30 43 17 17 pc into 1.70 122 i Crouse ind 1 3 20v. 20 20v, v. Crow Coll .401 204 11 10se v. Crown Cork 107 17va i a 105 cudahy.68t 54 137 a 13 2 be 52 to a. Dan Riv Dart ind ,30b 24 31vs 30v, 31va daycocpl.14 19 15vs daytnpl1.60 26 21vj 21 i 2he a Deere co 2 74 35 .3 35 e a delmn.Tel.10 30 23va Delta air .50 243 30 29v. 30 i a engr 1.10 9 17va 17v. 17v1 of detedisl.40 230 Isva 18 18va. Del steel 4 v. Diam shall 53 Dillon co .64 4 17va 17v4 17ve v. Disney .30b 94 122v2 Iilva 122vj divers and .36 40 9 8v, 9 14 dome min .80 29 65vj 65 65 do chm 2.60 60 65 dresslndl.40 45 28 dukepwl.40 84 21v, v. Dupont3.75e 167118 116 118 due it 1.66 31 20v, 20v, a dynaam.20p 59 so a East air Lin 230 14v. Was Kodak la 401 66v? 64vj i ealonyal.40 46 30v, 30v. Of echlinmi.52 20 27v4 27 eg8.g .10 51 15 15v, a zip song 1 65 is i i eltracpl.20 9 23 22v, 22v, v. Emer elec 1 70 58ji 59ia 14 essexlntl.20 63 30 30 Ethyl up .84 146 22v. 21vj 42 fal Chc .50 338 23v. 225. A fair Hill is 25 9 8v. 8v, Fansteel inc 4 9v. V. Fedders.40 85 33va 138 35v. 34v. I filtroll.40 12 23v, 22v. 23 Firestone 1.60 109 44v. 44v. I St Chrt 1.841 28 37vi be Flint Kote 1 5 24v4 24 24 v. Fla pow 1.60 20 50j.4 50v, v. Flap wet 2 44 63 62 63 i fac up .85 74 21vi 21 21 Foo fair .90 10 16 is i Ford Mot 2.40 418 49v. 48v, of rocks .80 24 1814 18 14 64 15v, 14 fruencpt.70 44 2sv, 26ft. Gac up 1.50 78 20v4 Gap corp .40 i ,10 10 a Gam so 1.30 20 30vi 30 -30 a Gannett .48 4 38 28 28 a 124 20v4 Gen elec 2.60 375 Vul Gen ads 2.60 35 79 78v, 78v, Gen Mills .88 88 31v, 30v2 31 genmot2.55e 794 70va 68v. 70 a. Gpubutl.60 117 19v2 19v. G Tel Al 1.52 244 25 24v. Gen tire in 50 1k4 18v2 18v. V. Genescol-70 43 23w 98 54 53v, 5314. C-erberl.20 14 37 37 34 Geino Loit 77 6 66 48 w Gillette 1.40 52 42 41v4 42 4 a global Marin 33 14 13v, 135i a Goodrich 1.72 hioedisl.54 199 Ikla be 1.16 15 to clangs 1.24 Llin corp .88 a Markle .491 tis Elev 2 la Ted mar 1 Wen cd .75 i Wensell 1.35 1.50 actg 1.60 a pet .25g Acpal 1.28 act4t 1.20 anasul.40e Panama air 383 Ann up 1.80 161 arkedav.60 162 Senn cent 348 .15r 20 Enney pc 1 180 Apelt 1.60 Enn Zun .80 Fizer .60 helps d 2.10 106 Al 1.64 170 Philip moral 216 Hill pet 1.30 337 line Yew .68 160 Polaroid .32 297 porlgei1.30 35 pm ind 1.40 29 Roc Tom 1.40 141 58 is veg 1.64 ublklnd.31t Pueblo let .28 us pm 1.76 Ullman 2.so quester .50 Ralston .70 Anco inc .92 Raythelon .40 Ria 1 a debates .25 193 Reich cd .20 24 repubstl2.50 73 Revlon i 32 Reyn ind2.40 261 Reynet 1.10 95 roansell.23e 257 Rohr up .80 84 Roy Ccola .54 36 Roy out 2e 178 Ryder sys .50 50 Safeway 1.10 1.47 it Joemina 2 44 ,tlsanf2.40 5 regispi.60 anders.07p Afeld 1.40 120 Aii fell .30 51 Henley 1.40 chewing .80 pm up .45p Coa ind .40 Cott paper 1 bclind2.20 Earl gdi.30 ears 1.20a 254 hell Oil 2.40 150 Here Nam 2 45 ignalcol.20 555 ingerco2.40 44 Mith of 2 68 car leg 1.26 19 oucalel.50 229 outhcol.26 319 oungas1.40 52 of Pac 1.80 of than by 3 partans.45p Perryr ,50e squared .80a quibbb1.50 116 ibrandsl.40 174 to Kollsman 15 topical 2.80 417 i0illnd2.30 157 toil no 2.70e 467 id0il0h2.70 409 Tau tech 1.80 13 terldrug.75 67 Levens 2.40 36 Lude Orphl 258 in Oil in 32 or Vyff .55e 46 gift co .40 34 Nystron Donn 32 ampa Al .80 Ekl onix Fiedyn 1.091 521 Elex corp 1623 ennecol.32 172 exacol.60 x339 exetrnl.52 127 sex Gaul .60 203 182 Extron .90 63 Hioko .40 38 20 59 4 35 44 95 104 187 124 90 41 28 77 161 162 221 172 5 12 29 17 9 96 23 48 241 3sv4 191, 19 4tt 6 4 7v4 9 27v. 27h 16v. 30v2 32 31 i 26v, 26v, 34ft 14h 14 23h 30 19h 17v, 17 14 i 35 i 35 70v, 87 14v2 1iv4 23v, 23 8614 54sa s3 i 30 30v, 31 a 31 i 47 35 34v, 21v4 14 .2 14v, 44ft 44 20v4 37 35v4 15 21va 17 m i 20v4 6 20 37v4 12 Eva 54v, 31vi 15v4 18 a 25v. 14ve 58ft 2 20vj 21 Al 21 16ft 14v. 44 22v, 48v, 17v, 18v, 18va 24v4 39ft 19ft 19 23 19v, 19v2 16 12ft 12v, 3bv4 37ft 20 19ft 36v, 45ft 45 26ft 21 20v, 26ft 17 14v, 17v2 17v, 18 11 38v2 37v, 24ft 7va 10v, 10 47 21 i 20ft 30v, 29v, 34ft 35ft 34v. 19v, 43v2 28v, 28vb 27v, 66 62 28 55 53v, 21 i 21v4 22ft 6v. 15v. .26va 39v4 38v, 12 22ft 22va 12v, 21 19v, 22v, 29 27 8 4 8v4 27ve 65 46v4 23v, s 4ft 21 a 20va 13v2 46ft 27v, 31 Al 31 be 24v, 2sv4 34 3j .4 i 19 611 _ i 444 41 9 u 2744 4, 14 11 31 i 32 261i 14 41 14 231i 41 1944 1344 35 7141 i 23v. 88 4i i 53v2 26f a 11 31 i 30 301i i 3h1 41 48 3441 i 21 15 1441 i 441 2 1 2 2014 i 37 15 4. U 41 2041 ii 6 is 2044 1 371 e 1 2 5441 3114 i 1511 i 2511 i 1414 14 59v2 21 14 2114 14 16v2 i 44 i 2241 i 181 2 25v2 11 1944 44 is 23 in 19v2 16 14 i 38 is 20 i 14 45v2 2711 11 i 44 1644 i 1744 i 18 i 1244 38v. 44 2444 Vivi 10 u 47 a 3044 11 46v2 11 35v1 i Tricont try inc u then Ceni Ual inc .7sp ump ind .72 in car bide 2 in elec 1.21 17 m m Tom Ken 1.m 57 we Todd she 1.24 13 53h j3h 471 1ransmrl.ss 423 13 12. 13 Transil Ron 20 to of h 13 2511 25vi v. 241 36v2 36 4 36 4. 101 9 841 9 4 220 u 4 14 i 11 i 1144 la l la l 11 314 35 1. 42 is i 18 unoilcill.40 192 33 j 3244 33 in Pac up 2 49 42 4 41. 4211 11 11 36 4 36298 16v. 1641 104 33v2 321 2 33 5s 151 14 1 13. 14 u 4 941 941 4. 14 24 4 24 i 241e. 164 59 5741 59 160 1511 164 2714 2611 27 i 85 26 4 2644 1 272 3041 2941 30 11 34 23 22v2 23 v. 915 27v4 291i 67 45 41 63 1441 1341 of 41 8 14 112 we 1912 i 18 5311 in 95 6614 64 22 20 2 20 49 1314 160 33 324 37 3514 34? 213 4344 93 51 170 591 Union Acif 2 uniroyal .70 uni Lair in brands unilcpl.05 unit my 1.30 us Gypsy 3a us Indus .50 us smelt in us steel 2.40 uni void .80 univ Sty cup Upjohn 1.40 Varian Asso Vendo co .60 vaeipwl.12 wachoval.20 Warlam 1.20 washwp1.36 Watn air Lin in Bane 1.30 wnunionl.40 West Gei 1.80 Weye Rosr .80 whirl up 1.60 13 a 35 64vi 50ft u 59 59 i what Emo 150 1541 141 2 1511 Whittaker 335 814 41 Winnix 1.68 19 3441 34 34 48. Wool with 1.20 536 32 .2 11 Xerox cp.80 508 87 8514 zalecorp.64 38 34 36 Zenith 1.40 54 3141 31 3141 i copyrighted by the associated press-1970 new York new York Stock Exchange Index Market. Cents Index 45.41 Nous Brijl 48.32 transportation .31.30 Utility .35.41 finance .56.84 your Money s Worth 1944 43v2 Al 28v8 be 44 66 1711 41 2841 44 Al 21 i v. 151 2 i 26v. 41 11 12 41 41 Grain Chicago a a wave of profit taking in the soybeans pit dropped futures prices of that commodity As much As 2 cents Lelow the previous close before a mild rally at the finish of Trad no on the Chicago Board of Trade wednesday. In mid session soybeans had 3een As much As 3 cents above tuesday s final prices and had set new seasonal highs in most deliveries. Profit taking and hedging sales also carried Corn prices 2 cents below tuesday s final lev Els and that Market closed near the Bottom. Wheat came under Selling pressure late in the session after fractional gains earlier. Oats were lower in Light trading. Another wave of Selling just before the close dropped soy Beans final prices As much As 2 cents lower november 3.07 23v. 1 wheat finished More than a cent 28v2 lower december 1.74wi Corn was off around Ivi cents de Cember 1.47 and Oats were Down around a cent december cents. The strike which shut Down my new York newspaper through most of october was not Over Cash wages but Over fringe benefits and the settlement which put the new York Post Back on the streets last week included major new benefits in the areas of retirement annuities Hospital medical Protection Cost of living adjustments. Despite the nation s concentration on what s happening to Cash paychecks this area of so called fringes is where the action is and this is where it will be. Today for instance if you re an average u. S. Worker for every you Are earning in regular pay you Are getting another 28 cents in fringe benefits ranging from the social Security contributions your employer makes to your pension o paid vacations free meals in he company cafeteria sick eave Etc. That translates into an extra in fringes for very of regular pay today if you Are typical you Are receiving More than an Lour in the form of hidden a which does t appear on our regular dollars and cents paycheck against Only 25 cents of hidden benefits in the late 940s. In fact after reporting these findings in its recent every other year Survey of fringe benefits in private Industry the u. S. Chamber of Commerce 83 6 152 66 1 141 15 75 41 26 401 18 3544 3414 34 12 1944 18% 27 2644 5811 5741 1344 13v4 141i 14v2 24 3348 33 4944 49 4912 4444 3944 1441 13v. 63 46v2 45v2 2341 2341 2644 2544 2118 5344 5314 3044 30vs 5741 7v2 23v2 23va 2244 22 63% 44 a 42v2 7 44vb 4744 4914 7344 31v2 38 2844 28 51v4 5044 45v8 5va 5 55 9 2014 20 2041 19va 23v2 214fc 20v. 3244 3241 3944 1441 7141 20v2 20 8va 2714 14 6541 14 47 a 21 13v2 14 47 a 14 27 31 Viva 2544 3544 14 a 19% 44 26 i 58v. 4a 14v2. A 33 i 49va. 4544 1344 41 64 44 i 2341 264i 21 a 41 14 57 a 11 2344 11 2214 a 6341 44 42v2 7 47v2 i 4741 i 7344 3144 14 3844 i 2814 44 v4 a 5 be 41 20 i v. 2041 i 3941 Eva 1644 via 20 Viivi. Chicago api wednesday Prev. Open High Low close close wheat dec.1.76v2 1.75 4 mar.1.77v2 1.77v2 1.75 1.75 1.7441 May 1.75v. 1.7514 1.74v.i jul1.63 1.63 sep .1.63 1.63 1.62v2 1.63% Corn dec 1.5014 1.5014 1.4644 1.47 1.49v mar.1.s541 1.54 1.5211 1.52% 1.55v2 May 1.5841 1.58 i 1.5544 1.58v2 v.6044 1.57v2 1.5744 1.604a sep .1.5814 1.56 1.56 1.58v2 Oats 79 78va 7814 79 77u 771a 7814 7bu 7614 a76ve 7bl a 7441 73v2 7341 7441 dec.79 4944 v. Mar 784 may78 jul .7444 soybeans nov Jan mar May jul. Aug 3.08v2 3.10 a 3.04% 3.07% .3.13 3.15 3.10v23.11 3.13 317 3.19 3.16v2 3.21 3.22v2 3.1744 3.1744 3.2041 3.21v2 3.18 3.18 3.20v2 3.1444 3.16v2 3.1344 3.14 3.1414 sep .2.8911 2.91 2.89v4 2.89v2 soybean Oil 13.95 13.50 13.45 13.74 jan13.20 13.29 12.95 13.05 13.10 mar12.70 12.85 12.56 12.48 12.65 May .12.35 12.59 12.30 12.37 12.32 jul.12.12 12.28 12.06 12.14 12.06 aug11.78 11.96 11.78 11.85 sep 11.32 11.47 11.28 11.35 11.18 ocl 10.97 11.14 10.95 11.05 alo.90 soybean meal dec79.40 80.30 79.00 80.05 79.30 jan79.40 80.20 79.05 79.05 79.30 May .80.25 80.85 79.80 80.00 79.85 jul .80.75 81.00 80.10 80.15 80.50 aug80.25 80.75 80.00 80.00 80.40 sep77.50 77.70 .77.25 377.40 377.40 oct74.75 75.00 74.50 b74.60 iced broilers nov24.50 24.50 24.37 24.40 24.60 jan26.25 26.25 26.10 26.12 26.30 mar27.35 27.35 27.25 27.25 27.40 apr27.60 27.40 27.60 27.60 27.75 May ------c27.75a27.75 a bid a asked a nominal. Cotton the Market steady with most of the activity Cen ered in current crop months. Commission House and Trade using were influenced by the inf avoral e crop weather reports comi. G out of the Cotton Felt this week which has clouded prospects for the 1970 crop however prices dropped to Small losses during the midday is profit taking and hedging in creased but the Market firmed again toward the close. New crop months moved up about a Bale on a few rades but bids for those deliveries were lowered sharply at lie close. The average Price for middling 1 h6-Inch spot Cotton declined 3 Points to 2193 cents a Pound for the 12 leading markets. Cotton futures no3 closed higher. No futures doled unchanged to 50 cents e cite higher than the previous close. Open High Low Clou Chute dec 27.18 27.18 26.71. 27.05-06 mar 27.87 27.81 27.50 27.82 May 21.25 21.35 28.09221.30 jul 28.31 28.25 oct 34.90 34.90 214.71 Pec tu5 Zum . State Market Columbia Carolina farm prices As reported wednesday by the Market news service Columbia Farmers Market about steady Supply about adequate dem emand fair 3reen Beans 2.00-3.50. Lima Beans 4.50 00. Good Quality collards 3.00-3.25, fair Quality 2.75-3.00. Graded cakes 3.00-4.00. Eggplants 2.50-3.00. Green onions 1.40 .50. Field peas 2.50-3.00. Bell peppers .50-4.00. Hot peppers 4.50-5.00. Cabbage plants 4.50. Mustard salad 2.00-2.50. Tur lip salad 2.00-2.50, no. 1 Squash 4.00-5.00, no. 2 2.00-3.00. Good Quality Sweet Pota Oes 3.50-4.00, fair Quality 2.50-3.co. Pink tomatoes 4.00-7.00. Turnip roots 2.50-3.00. Turnips and tops 2.50-3.00. Steady. Cash buying station 50 cents lower at 16.75 Florence and in Stree Cash buying stations 25 cents Ower at 16.75 Ehrhardt auction 16.50-18. 30 Central auction Good and Choice veal calves 33.00-38.50, Utility veal calves 26. 00-33.00, Good butchers 28.00-29.50, Utility Bulc Liers 24.50-28.00, commercial cows 21. 00-23.00, canners and cutters 16.00-19.00, Good and Choice blockers 28.00-38.50, medium stockers 26.00-31.00 Greenville Good and Choice veal calves 35.00-45.00, Utility veal calves 25.00-35.00, Good butchers 26. 00-28.00, Utility butchers 22.00-26.00, com Mercial cows m.00-23.00, canners and Culer 15.00-20.00, Good and Choice Slock cars , medium stockers 22.00. 3000 Ehrhardt Good Choice veal calves 34.00-42.00, Utility veal Calm s7 00-34.00, Good butchers 37.50 29.00, Utility butchers 22.50-27.m, commercial cows 19. 00-22.00, Cannen Cullers Good and Choice blockers 30.00-42.00, medium stockers Central Ca Rolina auction Good and Choice veal Cah vet 3j.m-42.00, Utility veal calves 30.00 3100, Good butchers 27.00-21.50, Utility butchers 24.flo-s7.00, commercial cow. 20. 00-22.00, Eimi trs and 1j.oo-2t.oo, Good and Choice so Colura to Vul Mem suggested that we Stop Labelling them fringe benefits and Start Labelling them employee benefits. And there is no disputing the chamber s Contention that this form of employee pay has ballooned to a Force of enormous Power in the american Economy. To illustrate fringe benefits have been increasing in recent years at two to three times the rate of increase in Cash wages and salaries. Their total value was estimated to have reached the historic Mark of billion in 1967 and since then the growth has been a hefty 10 per cent a year. Today s yearly fringe total May be Well above billion substantially More than a fringe even in an Economy which would be flirting with the trillion Dollar Mark today were1 it not for the general motors strike. And that strike incidentally was set off primarily by the United Auto workers demand for a fringe Benefit of a minimum a month pension to any worker after 30 years of service regardless of age. Where might these benefits to employees in our country be heading Here is a sampling of extras already offered by some corporations or Low Cost Day care services for pre school children of employed working mothers retirement counselling to Middle aged workers in such areas As financial planning medicare benefits How to turn a Hobby into a part time Job of mortgage Points on a new Home for the employee who has been transferred to a new City on top of All actual moving expenses for the worker and his family Grants to employees who wish to pursue further education training appropriate to their jobs scholarships for qualified children of workers free flying lessons. Paternity leave for expectant fathers. Time off for working mothers to consult with school teachers. Time off for political campaigning. Free company paid Legal services. Taxis to and from work. Company paid dental insurance and prescription drug insurance. Health insurance coverage for physical checkups and outpatient diagnostic tests. Employer paid funerals about the last word in in Many other advanced Industrial nations private and government employee benefits have gone far beyond ours and we obviously Are moving Down the same Road. Perhaps though with their experiences to guide us we can try to make fewer errors . With the markets Stock prices move higher after Early Steep decline new York a in the Ace of an accumulation of bad news including the report that he government s leading eco nomic indicators deteriorated again in september Wall Street Jave a most irregular perform Ance wednesday. After an Early Steep decline Stock prices recovered and advanced in moderate trading. At the closing Bell the Dow Jones average of 30 Industrial stocks Rose 1.51 Points to earlier in the session it had Jeen off almost 5 Points. The new York Stock Exchange tape was running two minutes late As trading picked up toward the close from its arly lethargy. The Market s been holding up surprisingly Well in the past week in spite of a lot of negative news. I Don t think it would take much in the Way of Good news o get a real rally observed Newton Zinder an Ana yet with e. F. Mutton. Analysts said the deter Ora Ion in the leading economic indicators was disappointing be cause these often foreshadow fun ure economic activity. In Addi Ion they observed another significant deterioration occurred n the key Industrial commodity Price Index which advanced sharply even though the whole sle Price Index did Register a drop. Zinder said the rally late in he Day primarily was a technical one and added that Glamour stocks seemed to be the leaders of the move. Actually there was Little in he news background to induce he said. Other brokers explained that support for the Industrial aver age appeared As it Slid toward the 750 area. They also added new York a markets at a glance stocks higher in moderate trading. Chicago wheat taking. Corn lower profit taking and hedging. Oats lower Wilh Corn. Lower profit taking. Slaughter steers steady to Strong receipts top 31.50. New York Bonds new York api wednesday selected new York Slock Exchange Bond prices Siles no 11000 High Low a touch 441sb5 44 4941 con Edis 5s87 4 67 47 47 Erie 5s 20201 10 9v. 9v. V. Mol Ace Sybo 24 77vt 74vj 77vi a mop 4 .ss2020f 3 4244 a 104 15v2 15 a Al Korpac 2 48vi 48vi. Accove 31 68 66 i 48 scars r 444s83 46 74% a 4a us steel 69 62 44 Ussi eel 8 Tot copyrighted by the associated press 1970 sales new York an y Bond sales approx final total previous week month year two years ago closed Jan 1 to Dale to 969 to Date .1 968 to Dales that there was continuing speculation the Federal Reserve might announce soon a Cut in the discount rate the rate charged member Banks by the Federal Reserve which could be followed by a Cut in Commer Cial Banks prime lending rate. This would be a further stimulant to the Market they added. Some analysts also said the Market faced and weathered bad news when a leading government economist expressed doubts the administration would achieve its goal of reducing unemployment to a rate of 4 per cent by mid-1972. Big Board volume was 10.66 million shares up from tues Day s turnover of 9.67 million shares. Of the issues traded on the big Board 572 advanced and 717 declined. New yearly highs were reached by 6 stocks while 18 touched new lows. The new York Stock Exchange Index of some com Mon stocks Rose 0.14 to 45.41. The associated press 60-Stock average Rose 0.3 to 257.5, with industrials up 0.8, rails up p.3 and utilities off 0.3. Standard poor s 500-Stock Index advanced 0.31 Points to 83.43. Sixty big blocks of shares or More were traded on the new York Stock Exchange versus 52 tuesday. The biggest was shares of Middle South utilities at 23, off is. Other big blocks included new York a Standard and poor s 500 Index High Low close . 425 industrials 92.22 90.52 20 railroads 30.88 30.40 30.73 55 utilities 53.32 52.4j 52.92 -.03 500 stocks 62.29 sales new York any Stock sales approx final total previous Dey Meek ago Tonth ago year ago 1969 to Date pr1cm new York a the associated press weighted wholesale Price Index of 35 commodities insert to come previous Day 188.35, week ago 189.09, month ago year Ajo 180.66. Ii i m w High 194.34 1m.80 164.72 146.40 w it syst Man we Imojo 1921, w livestock Chicago Apuada cattle Slaughter steers steady to Strong prime in Slaughter steers yield Grade 3 and 4 31.00-31.50 High Choice and prime ibs 30.25-31.00 Choice ibs yield Grade 2 to 4 29.00-29.25 good26.75-28.25 High Choice and prime in Slaughter Type heifers yield Grade 3 and 4 28.50-29.25 Choice ibs yield Grade 2 to 4 27.50-28.50 Good and Choice 750-900 ibs at 26.50-27.50 Good 25.50-26.50 util Ity and commercial cows 19.00 20.25 Utility and commercial bulls 25.00-27.00. Sheep none no Market test. Minnesota mining Manu Fao using at off of Mcgraw Hill at off the of Grumman at 17, unchanged and of Ameri can general insurance at 12, off airlines oils and electronics were up. Steels aircraft utilities and metals were off. All other Stock categories were mixed. Volume Leader on the big Board was telex up 2 at 23vi. Other big Board prices included Federal National mortgage up 3% at University computing up 1% at memo Rex up 5 at 83 Natoma up 4% at signal co. Off at Minnesota manufacture info min no off at 88 and american Telephone Telegraph off a at 2v4. The american Stock sex Hange slipped lower. The Annex Price change Index ripped .02 to 22.00. Of the issues traded 286 advanced and 489 declined. Volume was .86 million shares Down from tuesday s turnover of 2.92 Mil on shares. Closing amex prices included Alifornia computer up 1% at Samera Oil up at 19 in up 34 Franklin Flint up 1 at and Parvis Ohrman up 3% at government Bonds were High r while corporate were slight y lower. Ups and Downs new York following lows the stocks that have gone up the Ost and Down the most based on of change on lha new York Ock Exchange regardless of volume in wednesday. Net and percentage changes Are the difference Between the previous closing Rice and today s last Price. Ups name last net pet. Cowles com o i up s0.5 s kor corp in a up 1s.5 3 pan am i2 Siva up 12.5 t finl fed i up 11.5 site corp 3vi up 32 up 10.3 7anderclayl 37% 4 of 9.9 8 telex corp j3vi 2 up v.3 Vic Donna up 9.2 0 Natoma 54u Xvi up 8.7 1 int Indus 13 1 up 2 Lascor 1 up 8.2 3fednatmt3 5p1 up 8.1 com Putsch up 8.0 5 Tough tilt w. Iva up 7.i 6 Becton Dick 25i up 7.3 7 Abacus up 7.1 8 tide mar 18j.1 i up 7.1 9 Collins Alec up 7.0 0 Bates mfg is left up 6.8 1 Southon inc i up cents Hin trading Active. Of firings heavy Type Short la Flat More than ample. Print Al Tarry. Hwy in Over counter i . Bands new York of. Closing Over the Munler . Government Treasury Borndt id asked net change and yield Tor wednesday. 9t.1t my s71 98.6 98.14 6.03 71 97.15 97.24 6.19 s72fcb. 96.21 97.2 Vas 72-67 june 93.25 94.4 6.45 s 72 aug. 95.12 9s.2j 6.64 vis 72-67 sep j2.24 93 vis 72-0? Pec 91.24 v2 fs.6i s 73 92.18 92.24 us 73rt.12 92.20 vas74 91.29 91.23 4.99 74. 91.13 7.01 9 .91 77.12 79.12 a 72.29 7mo 7.2s vis83-71. 67.20 7.21 .is85 66.12 67.12 .82 v.jis-75. 71.21 72.21 7.33 tt.9 67.s us 92-17. M.24 69.24 7.00 67.2 6121 6.72 visa a. 67.j 6t.t 6.8? s9s to 67 Utah. M 67 5.93 prices quoted in dollars and 32ndi. Suo acct to to but not to stall income taxis

Search all Florence, South Carolina newspaper archives

All newspaper archives for October 29, 1970

Browse